Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of common stock of Primo Water Corporation and Primo Brands Corporation, alleging misrepresentation and failure to disclose key facts regarding the merger between the two companies [1][5]. Group 1: Class Action Details - The class action lawsuit covers purchasers of Primo Water common stock from June 17, 2024, to November 8, 2024, and purchasers of Primo Brands common stock from November 11, 2024, to November 6, 2025 [1]. - Investors who purchased securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by January 12, 2026, to represent other class members in directing the litigation [3]. Group 2: Allegations Against Defendants - The lawsuit claims that defendants misrepresented the merger's progress and failed to disclose critical facts, leading investors to believe the merger would enhance growth and operational efficiencies [5]. - It is alleged that the defendants issued materially false and misleading statements about the merger integration, which was claimed to be proceeding "flawlessly" [5]. - When the true details of the merger were revealed, investors reportedly suffered damages [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of common stock of Primo Water Corporation and Primo Brands Corporation, alleging misrepresentation and failure to disclose key facts regarding the merger between the two companies [1][5]. Group 1: Class Action Details - The class action lawsuit covers purchasers of Primo Water common stock from June 17, 2024, to November 8, 2024, and purchasers of Primo Brands common stock from November 11, 2024, to November 6, 2025 [1]. - Investors who purchased Primo Brands securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly [3][6]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. Group 3: Case Background - The lawsuit claims that the merger between Primo Water and BlueTriton Brands was misrepresented, leading investors to believe it would result in accelerated growth and strong financial results [5]. - The defendants allegedly issued materially false and misleading statements about the merger integration process, which ultimately caused investor damages when the true details were revealed [5].

Core Viewpoint - A class action lawsuit has been filed against Primo Brands Corporation and certain officers for alleged violations of federal securities laws related to the merger with BlueTriton Brands [1][3]. Class Definition - The lawsuit seeks damages for all individuals and entities that purchased Primo Water Corporation common stock between June 17, 2024, and November 8, 2024, and Primo Brands Corporation common stock between November 11, 2024, and November 6, 2025 [2]. Case Details - The Complaint alleges that Defendants misrepresented and failed to disclose critical facts about the merger integration process, leading investors to believe in accelerated growth and strong financial results [3]. Next Steps - Investors who suffered losses in Primo have until January 12, 2026, to request to be appointed as lead plaintiff in the case [4]. Legal Representation - The law firm represents investors on a contingency fee basis, meaning they will only collect fees if successful in recovering damages [5]. Firm Background - Bronstein, Gewirtz & Grossman, LLC is a recognized firm specializing in securities fraud class actions and has recovered hundreds of millions for investors [6].

Core Viewpoint - A class action lawsuit has been filed against Primo Water Corporation and Primo Brands Corporation on behalf of shareholders who purchased common stock during specified periods [1] Group 1: Company Overview - Primo Water Corporation is listed on NYSE under the ticker PRMW and Primo Brands Corporation is listed under PRMB [1] - Primo Brands Corporation operates in the beverage industry [1] Group 2: Legal Action Details - The class action lawsuit pertains to shareholders who purchased common stock of Primo Water Corporation between June 17, 2024, and November 8, 2024 [1] - Additionally, it includes purchasers of common stock of Primo Brands Corporation between November 11, 2024, and November 6, 2025 [1]

分组1 - Primo reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and showing an increase from $0.33 per share a year ago, resulting in an earnings surprise of 16.67% [1] - The company achieved revenues of $511.4 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.25%, although this is a decrease from $622 million in the same quarter last year [2] - Over the last four quarters, Primo has surpassed consensus EPS estimates three times and has topped consensus revenue estimates three times as well [2] 分组2 - Since the beginning of the year, Primo shares have increased by approximately 69.4%, significantly outperforming the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $458.08 million, while for the current fiscal year, the estimate is $0.97 on revenues of $1.89 billion [7] - The Utility - Water Supply industry, to which Primo belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Core Points - The business combination transaction between Primo Water Corporation and BlueTriton Brands has been approved by approximately 99.9% of voting shareholders, representing about 89.2% of the total outstanding shares as of October 1, 2024 [2][5] - The transaction is expected to close on or about November 8, 2024, pending final court approval and satisfaction of customary closing conditions [3][4] - Following the closing, the company will be renamed "Primo Brands Corporation" and will trade on the NYSE under the ticker symbol "PRMB" starting November 11, 2024 [4][5] Company Overview - Primo Water Corporation is a leading provider of sustainable drinking water solutions in North America, operating primarily under a recurring revenue model in the large format water category [6] - The company's business strategy is likened to a "razor-razorblade" model, where the initial sale of water dispensers leads to recurring purchases of water solutions [6] - Primo Water's offerings include Water Direct, Water Exchange, and Water Refill, with extensive retail presence across approximately 11,700 locations for dispensers and 18,100 locations for water exchange services [6] Industry Context - The merger aims to create a leading North American branded beverage company focused on healthy hydration, combining the strengths of both Primo Water and BlueTriton Brands [5] - BlueTriton Brands operates a portfolio of well-known water brands and has a significant presence in home delivery and reusable packaging, contributing to sustainability efforts [9][10] - The combined entity is expected to enhance consumer access to purified, spring, and mineral water while promoting a healthier lifestyle and reducing plastic waste [7]

Core Points - Primo Water Corporation announced the date for its third quarter 2024 earnings release and details regarding a Special Meeting of Shareowners related to a proposed all-stock business combination with BlueTriton Brands, Inc. [1][2] Earnings Release - The third quarter financial results will be released on November 7, 2024, before market opening [2] - A conference call will be held on the same day at 10:00 a.m. Eastern Time [2] Special Meeting of Shareowners - A Special Meeting will take place virtually on November 4, 2024, at 8:00 a.m. Eastern Time [3] - Shareowners will vote on a resolution to approve the proposed business combination and an advisory vote on executive compensation related to the transaction [2][3] Company Overview: Primo Water - Primo Water is a leading provider of water solutions in North America, operating under a recurring revenue model primarily in the large format water category [4] - The company offers innovative water dispensers sold through approximately 11,350 retail locations and online [4] - Its water solutions include Water Direct, Water Exchange, and Water Refill services, promoting sustainable hydration and reducing plastic waste [5] Company Overview: BlueTriton - BlueTriton Brands, Inc. produces and distributes a variety of spring and purified water brands, including Poland Spring and Deer Park [6] - The company operates a home and office beverage delivery platform called ReadyRefresh, focusing on reusable packaging [7] - BlueTriton manages water resources sustainably and operates over 30 production facilities across North America [8]

Core Viewpoint - Primo Water Corporation announced a special dividend of US$0.82 per share, payable on November 21, 2024, in connection with its all-stock combination with BlueTriton Brands, Inc. [1] Company Overview - Primo Water is a leading North America-focused provider of water solutions, operating under a recurring revenue model in the large format water category [3] - The company's revenue model is likened to a "razor-razorblade" strategy, where the initial sale of water dispensers leads to recurring purchases of water solutions [3] - Primo Water's offerings include Water Direct, Water Exchange, and Water Refill, with services available at approximately 11,350 retail locations and online [3][4] Business Strategy - The Water Direct business delivers hydration solutions directly to customers, while the Water Exchange allows customers to purchase pre-filled bottles and exchange empty ones for discounts [3] - The Water Refill business enables customers to refill bottles at around 23,500 self-service stations [3] - The company also provides water filtration units across North America [4] Environmental Commitment - Primo Water aims to promote a healthier lifestyle while reducing plastic waste and pollution through its water solutions [4] - The company partners with the International Bottled Water Association to ensure adherence to safety, quality, and regulatory standards [4] BlueTriton Overview - BlueTriton Brands, Inc. produces and distributes a variety of water and beverage brands, including Poland Spring and Deer Park [6] - The company operates ReadyRefresh, a home and office beverage delivery platform that emphasizes reusable packaging [7] - BlueTriton manages water resources sustainably and protects over 20,000 acres of watershed area [8]

Core Viewpoint - Primo Water Corporation and BlueTriton Brands have received regulatory approval for their all-stock combination, marking a significant step towards creating a North American leader in healthy hydration solutions [1][2][3] Regulatory Approvals - The approval under the Investment Canada Act is a necessary condition for the completion of the transaction, following the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act [2] - All regulatory approvals have now been received, with the transaction expected to close by the end of calendar year 2024, pending customary closing conditions including shareholder and court approvals [2] Company Strengths and Strategic Benefits - The CEO of Primo Water expressed confidence that shareholders will recognize the value of the combination, which is expected to deliver significant benefits for customers, associates, shareholders, and stakeholders [3] - Both companies are entering the transaction from a position of strength, aiming to enhance their market presence in the water solutions sector [3] Company Profiles - Primo Water is a leading provider of water solutions in North America, operating under a recurring revenue model primarily in the large format water category, with innovative water dispensers sold through approximately 11,350 retail locations [5] - The company's business strategy includes Water Direct, Water Exchange, and Water Refill services, promoting sustainable hydration solutions and reducing plastic waste [5][6] - BlueTriton Brands produces and distributes a variety of water and beverage products, including well-known brands like Poland Spring and Deer Park, and operates a home and office beverage delivery platform called ReadyRefresh [8][9] Sustainability Commitment - Primo Water is committed to water stewardship and partners with the International Bottled Water Association to ensure adherence to safety, quality, and regulatory standards [6] - BlueTriton manages water resources for long-term sustainability and protects over 20,000 acres of watershed area, with operations across more than 50 active spring sites [10]

Core Insights - Primo Water Corporation released its 2023 Sustainability report, highlighting significant progress in its sustainability initiatives and commitment to environmental goals [1][2] Sustainability Achievements - Conducted over 240,000 annual quality control analyses and tests across various operational aspects [2] - Saved over 6 million gallons of water following the installation of a new high-efficiency line in the Los Angeles plant [3] - Delivered over 130,000 training hours for employees, achieving a 47% reduction in plant injuries [3] - Increased supplier diversity spending by 140% [3] - Achieved a 25% reduction in CO2 emissions compared to the baseline year and received CarbonNeutral certification [3][5] - Advanced its low-carbon fleet, with 14% of the North American beverage route truck fleet now powered by propane [3] Operational Efficiency - Reduced 2.4 million miles driven since 2021 through Automatic Route Optimization (ARO) [4] - Donated over $1 million through product donations, community giving, and in-kind engagement [4] Reporting Standards - The 2023 ESG report is aligned with Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) standards, and United Nations Sustainable Development Goals (SDGs) [4] Business Model - Primo Water operates under a recurring revenue model in the large format water category, focusing on innovative water dispensers sold through approximately 11,350 retail locations [6] - The company’s offerings include Water Direct, Water Exchange, and Water Refill, promoting sustainable hydration solutions [6][7] - The company aims to expand consumer access to purified, spring, and mineral water while reducing plastic waste [8]